Apr 01 2020

Texas Daily Ag Market News Summary Posted 4 years 241 days ago by Administrator Account

Daily Market Summary for April 1^st  

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Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading has been inactive on light demand in the Texas Panhandle, Nebraska and Western Cornbelt. In Kansas negotiated cash trading has been limited on light demand. A few early live cash trades have moved from 112.00-113.00. However, not enough trades in any feeding region for a full market trend. The prior week was the last fully reported market. In the Texas Panhandle live cash trades moved from 118.00-1120.00. In Kansas and Nebraska live cash trades moved from 119.00-120.00 and dressed cash trades, in Nebraska, moved mostly at 190.00. In the Western Cornbelt live and dressed cash trades moved mostly at 120.00 and 190.00, respectively.

   

Negotiated Sales:

Confirmed:    5,770

Week Ago:   47,013

Year Ago:     13,451

    

Formula Net

Dressed Steers & Heifers:

Head count priced today:  19,300

Weighted avg. weight:       857 lbs.

Weighted avg. net price:   186.64

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)              116,000

Week ago (est)                  122,000

Year ago (act)                    122,000

Week to Date                    352,000

Same Period Last Week   361,000

Same Period Last year     362,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Boxed beef cutout values sharply lower on light demand and moderate offerings. Select and Choice rib, chuck, and loin cuts weak to lower while round cuts higher.

Cutout Values:

Choice: 235.17… -7.98

Select:  225.13… -4.83

Choice/Select Spread: 10.04

Total Load Count: 135

        

Cutter Cow Cutout:

186.17… -1.01

   

CME Feeder Cattle Index for March 30th:

131.10

   

Futures…

Live Cattle:

April: 97.32… -4.50

June: 87.57… -4.50

August: 89.10… -4.50

   

Feeder Cattle:

April: 117.42… -4.50

May: 118.40… -4.50

August: 124.40… -4.50

     

May Hogs: 49.20… -3.77

May Crude Oil: 20.31… -0.17

   

May Corn: 3.3475… -0.0600

May Soybeans: 8.6275… -0.2325

May Wheat: 5.5025… -0.1850

   

Grain Cash Bids:

Kansas City Corn: 3.32… -0.09

Kansas City Soybeans: 8.50… -0.24

Kansas City Wheat: 5.40… -0.12

   

Financial Markets:

DJIA: 20,943.51… -973.65

S & P 500: 2,570.50… -114.09

NASDAQ: 7,360.58… -339.52

U.S. Dollar Index: 99.54… +0.49